Tag Archives: Superannuation General

CASE STUDY – Doris & Wally had concerns about the small super they had and would it last

WHERE they were at – Doris and Wally had put in a lot of effort in their respective jobs. They mainly depended on their pension for income, and were keen to avoid using up the limited superannuation savings that Doris … Continue reading

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Basics about Super – What you need to know – Superannuation Australia

Superannuation is an important part of the Australian retirement system. It is a way for workers to save money for their retirement and it is compulsory for most employees. Superannuation is also a tax-effective way to save for retirement, with … Continue reading

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SMSF Basics – SMSF: Is It the Right Choice for Your Retirement Savings?

Navigating the world of retirement savings can feel like a complex endeavour. A Self-Managed Super Fund (SMSF) offers a personalised approach to pension savings, putting the control firmly in your hands. With the autonomy to make investment decisions, an SMSF … Continue reading

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CASE STUDY – Margaret & Harold, knowing term deposits were not enough to ensure their money would last

WHERE they were at – Margaret had enjoyed her service to the public sector, as it was more like serving the community, and she had also been blessed to have the occasional chance to enjoy living on other countries and … Continue reading

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Basics about Super – Super for Contractors – ATO

Do you pay contractors for your business? You may need to pay superannuation for contractors, so here we explain: how the ATO determines when you must pay, about offering choice of fund and how much to pay. Super contributions for … Continue reading

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CASE STUDY – Having finally sold the business, James and Mary were ready for retirement preparation

WHERE he was at – James had worked hard at his business. There had been good and bad and very tight times over 50 years. He’d seen several economic down turns and watched business clients come and go sometimes for … Continue reading

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SMSF Basics – ATO warning property schemes with loans to members to buy own property

SMSF trustees and members are warned by the ATO, to be wary of property purchase schemes that involve super and loans, targeting their funds, advising them to check if those promoting the scheme are licensed advisers. As part of its … Continue reading

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Pensions Centrelink – Eligibility for Age Pension Australia

Wondering how eligibility for age pension in Australia works? These are the criteria for eligibility for Age Pension according to our Government  Department, Services Australia: Age Pension age; Under the income and assets test limits; An Australian resident, normally for … Continue reading

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Basics about Super – Contributions to Super – get them right for EOFY before 30 June

You can add to your super by making: Personal super contributions; Salary sacrifice arrangement with your employer; For your spouse; Eligible for government contributions; Transferring super from foreign super funds; Downsizer contributions (selling personal home and money left over). There … Continue reading

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Basics about Super – Super rules for Employers

When an employer has staff, they have a legal obligation to provide Superannuation in most cases. Here we explain Superannuation in Australia, what we all need to retire comfortably, what we need in super to achieve it, how Self-Managed Super … Continue reading

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